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Release: UK Trade, April 2014

Released: 26 June 2014 Next edition: 10 July 2014

Contact

Katherine Kent

UK Trade / Trade and Transfers

trade.in.goods@ons.gsi.gov.uk

Telephone: +44 (0)1633 455829

Categories: Economy, National Accounts, Balance of Payments

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: UK

Correction

18 November 2014

ONS has suspended the publication of expenditure estimates for UK residents’ visits abroad and overseas residents’ visits to the UK within the September 2014 Overseas Travel and Tourism release, published on 13 November 2014, due to an error identified within the series. This error affects expenditure estimates for January to September 2014 and has resulted in the UK Statistics Authority suspending the National Statistics designation of the expenditure series within the Overseas Travel and Tourism releases until the figures have been corrected.

These data feed into the UK Trade release as imports and exports of services and the errors led the UK Statistics Authority to suspend the National Statistics designation of UK Trade on 14 November 2014 following a request from the National Statistician.

Corrected expenditure estimates for UK residents’ visits abroad and overseas residents’ visits to the UK will be published for all months, January to September 2014, and Quarter 1 and 2, as soon as possible. Please note that the UK Trade time series data are also affected by this error and will be updated with the corrected data when it becomes available. ONS will announce the timetable for the publishing of corrected figures prior to their release. The ONS statement regarding this error can be found here.

18 June 2014

The UK Statistics Authority on 18 June decided to temporarily suspend the National Statistics status of the April 2014 UK Trade statistics publication (all other UK Trade publications retained their National Statistics status). This was because the Authority felt it was inappropriate for statistics based on known omissions to have the same status as previous statistics in the same series. The Authority also stated that they anticipated that once the April 2014 UK Trade release was updated to fully reflect the oil exports omitted in the original publication, National Statistics designation would be reinstated.

The April 2014 UK Trade release was updated at 9.30am on 26 June 2014 to reflect the oil exports omission that users were informed of in the original bulletin published on 6 June 2014 and the Authority has confirmed that this release has regained National Statistics status. Users should also note that in order to process the revised oil data, other very small revisions are also visible in the dataset. There are likely to be further revisions to April 2014 as later data are received prior to publication of the May 2014 UK Trade release on 10 July.

Latest monthly statistics on trade in goods classified according to Standard International Trade Classification (SITC) as well as monthly estimates for total trade in services.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.